AerSale Corporation (NASDAQ:ASLE) Receives $7.00 Consensus Target Price from Brokerages

Shares of AerSale Corporation (NASDAQ:ASLE) have earned an average recommendation of “Reduce” from the four ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.00.

A number of analysts have recently commented on the company. Wall Street Zen downgraded AerSale from a “buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Truist Financial dropped their price objective on shares of AerSale from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, November 10th. Zacks Research lowered shares of AerSale from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of AerSale in a report on Monday, December 15th.

AerSale Stock Up 2.2%

NASDAQ:ASLE opened at $7.02 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 0.92. The company’s fifty day moving average price is $6.86 and its 200-day moving average price is $7.11. AerSale has a 1-year low of $5.56 and a 1-year high of $9.12. The firm has a market capitalization of $331.27 million, a P/E ratio of 54.00 and a beta of 0.18.

AerSale (NASDAQ:ASLE) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The business had revenue of $71.19 million during the quarter, compared to analysts’ expectations of $93.86 million. AerSale had a net margin of 1.73% and a return on equity of 2.10%. As a group, equities research analysts anticipate that AerSale will post 0.09 EPS for the current year.

Insider Activity

In other AerSale news, insider Nicolas Finazzo bought 6,352 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $38,048.48. Following the transaction, the insider directly owned 44,619 shares of the company’s stock, valued at approximately $267,267.81. The trade was a 16.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 9,619 shares of company stock worth $57,618. Corporate insiders own 19.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. M3F Inc. lifted its holdings in AerSale by 97.7% during the first quarter. M3F Inc. now owns 3,119,698 shares of the company’s stock valued at $23,367,000 after purchasing an additional 1,541,724 shares in the last quarter. Marshall Wace LLP lifted its stake in AerSale by 277.4% in the 3rd quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after buying an additional 1,109,550 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in AerSale in the 1st quarter worth about $4,377,000. Vanguard Group Inc. increased its stake in AerSale by 29.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock worth $16,100,000 after buying an additional 444,954 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in AerSale during the 3rd quarter worth approximately $2,516,000. 69.48% of the stock is owned by institutional investors and hedge funds.

About AerSale

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear?down and component overhaul, used serviceable material programs and end?of?life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.